Boring Company attracts $3 billion Series D investment... Corporate value assessed at $23 billion

Boring Company said, “The United Arab Emirates (UAE) led this investment round, and we now plan to excavate a tunnel with a length of more than 150 km in the UAE.”

“Over the past two years, the company has grown to manage multiple city tunnel boring programs,” said Boring Company. “We are working on our first hard rock project, our first international construction contract, and a major expansion of the Las Vegas Loop while driving faster mechanical design.” The company has so far conducted most of its drilling work in Las Vegas. We operate several tunnels connecting the hotel casino and convention center.

Recently, a 10-mile underground 'Loop' project was launched in Nashville, Tennessee.

The Boring Company, founded inside SpaceX in 2017 and spun off a year later, aims to "revolutionize transportation" by building an underground loop line with stations for passengers to board and disembark.